Essays on capital structure
I undertake an empirical investigation of leverage adjustment behaviour by examining Australian firms whose structure is disrupted through merger and acquisition activity. The analysis confirms that firms find themselves further from their targets adjust more quickly. Using US data, I analyse if a...
| Main Author: | |
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| Format: | Thesis |
| Language: | English |
| Published: |
Curtin University
2013
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| Online Access: | http://hdl.handle.net/20.500.11937/1248 |
| _version_ | 1848743613748477952 |
|---|---|
| author | Khoo, Joye |
| author_facet | Khoo, Joye |
| author_sort | Khoo, Joye |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | I undertake an empirical investigation of leverage adjustment behaviour by examining Australian firms whose structure is disrupted through merger and acquisition activity. The analysis confirms that firms find themselves further from their targets adjust more quickly. Using US data, I analyse if a firm’s leverage level is itself a determinant of both its speed of adjustment. I find that the level of a firm’s leverage affects the speed of its adjustment towards its target leverage. |
| first_indexed | 2025-11-14T05:48:21Z |
| format | Thesis |
| id | curtin-20.500.11937-1248 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T05:48:21Z |
| publishDate | 2013 |
| publisher | Curtin University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-12482017-02-20T06:39:52Z Essays on capital structure Khoo, Joye I undertake an empirical investigation of leverage adjustment behaviour by examining Australian firms whose structure is disrupted through merger and acquisition activity. The analysis confirms that firms find themselves further from their targets adjust more quickly. Using US data, I analyse if a firm’s leverage level is itself a determinant of both its speed of adjustment. I find that the level of a firm’s leverage affects the speed of its adjustment towards its target leverage. 2013 Thesis http://hdl.handle.net/20.500.11937/1248 en Curtin University fulltext |
| spellingShingle | Khoo, Joye Essays on capital structure |
| title | Essays on capital structure |
| title_full | Essays on capital structure |
| title_fullStr | Essays on capital structure |
| title_full_unstemmed | Essays on capital structure |
| title_short | Essays on capital structure |
| title_sort | essays on capital structure |
| url | http://hdl.handle.net/20.500.11937/1248 |